| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $203M | $206M | 12.8% | 11.3% |
| Op. Income | $20M | -$81M | $11M | 124.3% | 79.8% |
| Gross Margin | 34.0% | 33.3% | 32.6% | 0.7pp | 1.4pp |
| Net Margin | 5.3% | -43.9% | -24.3% | 49.2pp | 29.6pp |
| EPS (Diluted) | $0.29 | $-2.15 | $-1.23 | 113.5% | 123.6% |
| Free Cash Flow | $2M | $1M | $20M | 64.3% | -88.4% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $78M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $209M |
| OPERATING INCOME | $20M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $7M |
| EBIT | $22M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $78M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $209M |
| OPERATING INCOME | $20M |
| Interest Income | $1M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $7M |
| EBIT | $22M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$600.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$800.0K |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$700.0K |
| Net Debt Issuance | -$400.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $10M |
| Net Receivables | $157M |
| Inventory | $299M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $642M |
| PP&E (Net) | $187M |
| Goodwill | $198M |
| Intangible Assets | $14M |
| Long-Term Investments | $27M |
| Tax Assets | $3M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $466M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $70M |
| Short-Term Debt | $6M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $366M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $434M |
| TOTAL LIABILITIES | $621M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $483M |
| Retained Earnings | -$6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $473M |
| Minority Interest | $14M |
| TOTAL EQUITY | $487M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $402M |
| Net Debt | $257M |
